Trade Setups for May 13, 2010
Things remain a bit unclear heading into the open, with futures waffling between positive and negative territory. We have Jobless Claims at 8:30am ET which should give the market a nudge in one direction or the other.
Also at 8:30am, we have the Import and Export Prices, followed by Vice Fed Chairman, Donal Kohn, who will be speaking at the Centre for Monetary and Financial Economics Conference in Ottawa at 9am. I expect this to be a non-even to the markets.
Added some PowerShares QQQ (QQQQ) to the portfolio yesterday afternoon, and may look to add one more position early on today.
Here are Today's Trade Setups...
LONG: American Reprographics (ARP)
SHORT: Automatic Data Processing (ADP)